Announcements almost every other day compel us to believe that India is now the fifth largest economy in the world; that India will be a $5 trillion economy very soon; that India will be the third largest economy of the world in 2027, and that India will become a developed nation in 2047.
As the Indian economy is expanding, more and more jobs are being created. There is, however, a difference of opinion over the pace and number of enabling economic opportunities being created across the country.
Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.
Japan's enduring economic challenges serve as both a cautionary tale and a beacon of resilience.
India finds itself at a crossroads, grappling with the dual challenge of sustaining growth momentum while addressing underlying structural constraints.
Mr Goyal was speaking at an event in the national capital underlining key indicators such as foreign exchange reserves and inflation rates.
Dips will be bought by FIIs who have emerged as sustained buyers. The continuous decline in US bond yields (the 10-year yield is now below 4.20 per cent) will ensure FII buying, he said.
The Rajya Sabha is likely to continue the discussion, initiated on Tuesday, on the prevailing economic situation in the country, as the Parliament convenes on Day 3 of the ongoing Winter Session on Wednesday.
In the country’s ever-shifting economic landscape, the Reserve Bank of India (RBI) finds itself positioned on a tight-rope, carefully weighing inflation concerns against the impending call for rate cuts.
Should the world de-grow to delay hitting the limits of growth? There is a growing outcry that the relentless push for GDP growth is causing social inequity and irredeemable planetary damage.
